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BW Gas, the Norwegian shipping company with half a dozen LNG carriers in its fleet, said second-quarter operating profit in its LNG division amounted to $21 million compared with $24.4M in the same period a year ago.
US LNG imports are likely to slip under 9 million tonnes this year amid a wide price differential that will see cargoes worth twice as much in Europe compared with the US during the Northern Hemisphere winter.
Liquefied Natural Gas Ltd. said its Fisherman’s Landing coal-seam LNG project in the Australian state of Queensland signed an agreement to secure a site from the Gladstone Port Authority.
Cheniere Energy, owner of the new Sabine Pass LNG terminal in Louisiana, saw second-quarter losses more than triple to $132.3 million from $41M last year, and said the final price tag of its facility was $1.56 billion.
The first loading of LNG into a Qatargas 216,000 cubic metres capacity Q-Flex LNG carrier has taken place for the first time outside the Middle East state and the cargo is being delivered to Mexico.
France’s Total said it made another gas discovery in the Browse basin of Western Australia, reaffirming its belief in the potential of the area from where the company and Japan’s Inpex are planning to source feed gas for the Ichthys LNG project.
Sempra LNG, owner of the Costa Azul import terminal in northern Mexico, reported a net loss of $28 million in the second quarter compared with a $13M net loss in the same three months a year ago.
FMC Technologies said it received an order from Samsung Heavy Industries of South Korea for four LNG offloading systems.
Fugro Oceanor said it won a contract to supply near real-time environmental monitoring of Ras Laffan Port in Qatar, the world’s largest LNG export facility.
Foster Wheeler, one of the world’s leading LNG contractors, announced that Chief Executive Raymond J. Milchovich would retire from his post in 2009 after his successor is found and a successful transition has been completed.